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Central Texas Recession started 1 year later than nation Depth and Length will be shorter Forbes: Austin and Washington DC tied for top spot surviving the recession 1.7m population – up 6.9% What Texas didnt have - Housing Bubble / Bust Samsung will soon represent $9B foreign investment – largest in Texas history Central Texas School Bond Activity

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Caution Ahead High Risk Environment Under pricing Work Hoping for turnaround GC and Subcontractor Failures Likely higher in 2011 Default Claims Profitable Backlog has been worked off Close doors and wait it out? Double Dip Recession??